REGISTERED NUMBER: 14326011 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Westmoreland Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L J Bryant

Mrs L Priestley

J L Priestley

REGISTERED OFFICE:

Melbourne Park House Royal Oak Business

East Road

Sleaford

Lincolnshire

NG34 7EQ

REGISTERED NUMBER:

14326011 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Sewell BA (Hons) FCA CTA

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

1,943,167

2,173,434

CURRENT ASSETS

Stocks

1,517,029

1,695,847

Debtors

5

476,716

522,925

1,993,745

2,218,772

CREDITORS

Amounts falling due within one year

6

3,397,984

3,748,160

NET CURRENT LIABILITIES

(1,404,239

)

(1,529,388

)

TOTAL ASSETS LESS CURRENT LIABILITIES

538,928

644,046

CREDITORS

Amounts falling due after more than one year

7

(384,694

)

(532,631

)

PROVISIONS FOR LIABILITIES

(119,117

)

(105,032

)

NET ASSETS

35,117

6,383

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

35,017

6,283

SHAREHOLDERS' FUNDS

35,117

6,383

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

J L Priestley - Director

1.	STATUTORY INFORMATION

Westmoreland Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over

their useful lives on the following bases:

Freehold Property Not provided for on the grounds of immateriality.

Plant and machinery 10%-20% straight line

Fixtures, fittings & equipment 10%-33% straight line

Computer equipment 10%-20% straight line

Motor vehicles 10-25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale

proceeds and the carrying value of the asset, and is credited or charged to profit or loss

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on a going concern basis which assumes that the director(s) and ultimate parent company will continue to support the company. These parties have signified their willingness to provide that support.

As at 31 December 2024, the company's net current liabilities exceeded its net assets by £1,404,239 (2023: £1,529,388). Should the company then not be able to continue trading, adjustments to the value of assets would be needed to provide for any further liabilities which might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

Motor

Buildings

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

539,464

1,845,594

45,013

2,565

2,432,636

Additions

-

96,373

-

5,000

101,373

Disposals

-

(83,417

)

-

-

(83,417

)

At 31 December 2024

539,464

1,858,550

45,013

7,565

2,450,592

DEPRECIATION

At 1 January 2024

-

251,070

7,344

788

259,202

Charge for year

-

255,642

6,023

1,725

263,390

Eliminated on disposal

-

(15,167

)

-

-

(15,167

)

At 31 December 2024

-

491,545

13,367

2,513

507,425

NET BOOK VALUE

At 31 December 2024

539,464

1,367,005

31,646

5,052

1,943,167

At 31 December 2023

539,464

1,594,524

37,669

1,777

2,173,434

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and Machinery etc

£

COST

At 1 January 2024

645,154

Additions

92,750

At 31 December 2024

737,904

DEPRECIATION

At 1 January 2024

56,366

Charge

66,490

At 31 December 2024

122,856

NET BOOK VALUE

At 31 December 2024

615,048

At 31 December 2023

588,788

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

174,814

269,423

Amounts owed by group undertakings

100

100

Other debtors

301,802

253,402

476,716

522,925

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

13,482

3,480,091

Hire purchase contracts

213,093

153,768

Trade creditors

67,488

79,041

Amounts owed to group undertakings

3,023,179

23,179

Taxation and social security

65,956

4,022

Other creditors

14,786

8,059

3,397,984

3,748,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

384,694

532,631

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase contracts

597,787

686,399

Included in Hire purchase contracts are debts of £597,787 which are secured against the relevant leased assets held within fixed assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£0.10

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

11.	IMMEDIATE AND ULTIMATE CONTROLLING PARTY

The immediate parent company is Melbourne Food Group Limited. Melbourne Food Group Limited's registered office is:

Melbourne Park House

Royal Oak Business Park

East Road

Sleaford

Lincolnshire

NG34 7EQ

The ultimate holding company is Melbourne Holdings Limited. Consolidated financial statements for the ultimate holding company are filed with the Registrar of Companies where copies may be obtained.

The entity is controlled by J L Priestley by virtue of his shareholding in the ultimate holding company, Melbourne Holdings Limited.